[AT] As seen on TV: Balsters

[Ron Cook]

Charlie,
     Could be.  The lady is a retired school teacher living in Florida 
and her brother is a chiropractor with his offices in Monticello, I 
think.  Just north of Scotch Grove, anyway.  I am thinking they just 
wanted the bucks and not the business.  They can make it and are not 
worried about keeping the business going.  She said she thought their 
dad would be happy the way things went.  I bet he is not, or he would 
have sold it himself.  Balster's was on the internet.  It seems to me 
that it would be easy to keep that business going, at least until the 
inventory ran low, which looks to me would be at least another 50 years 
or so.  But........if you do not want to be around to run it............

Ron Cook
Salix, IA

On 5/19/2012 12:36 PM, charlie hill wrote:
> Ron,  I guess it's possible that the place died due to poor estate planning
> and the heirs HAD to sell
> it to satisfy  the IRS.
>
> Charlie
>
> -----Original Message-----
> From: Ron Cook
> Sent: Saturday, May 19, 2012 12:25 PM
> To: Antique tractor email discussion group
> Subject: Re: [AT] As seen on TV: Balsters
>
> I had not heard of this auction.  I was planing to buy some plow shares
> and bolts from Balsters.  I guess I am too late.
>
> Had I inherited this business, there is no way I would have auctioned it
> off like that.  I would have just kept in business.  That great big pile
> of dough will soon be gone with no way to gain it back.  Just like
> selling off the family farm.
>
> Probably why I am poor.  Faulty thinking.
>
> Ron Cook
> Salix, IA
>
> On 5/19/2012 10:43 AM, charlie hill wrote:
>> I saw this segment on Farm Week on RFDTV and was surprised that I never
>> heard of
>> this outfit.  Balsters, somewhere in Iowa.  It was a farm equipment and
>> supply place
>> that had been in business for 137 years and was sold at auction recently.
>> (last fall I think)
>> The place had literally tons of new old stock hardware, farm equipment and
>> parts, etc.
>> It's a wonder to me that they haven't been discussed here before.  Or
>> maybe
>> they have and
>> I missed it.
>>
>> http://msucares.com/news/farmweek/flashvideo/2012/2012-05-18balstersauction.html
>>
>>
>